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India has made no commitment to submit fresh targets for cutting greenhouse gas emissions, a senior official from the environment ministry said on Saturday while dismissing reports that the country has missed the deadline set by the UN climate change agency to provide an update. A foreign news agency has reported that India and China […]
on Saturday said it will launch 16 new flights, including direct services connecting Bhavnagar with the national capital, Mumbai and Surat. The budget carrier will also start 10 more flights that will connect Gwalior with Jaipur, Kishangarh (Ajmer) with Mumbai, Belagavi with Delhi and Vishakhapatnam with Bengaluru, besides adding an additional frequency on the Delhi-Jammu
SpiceJet to launch 16 new flights Read More »
Private lender on Saturday posted a net loss of Rs 630 crore at the end of the June quarter, with provisions more than doubling from the year-ago period. The lender had reported profits of Rs 93 crore a year ago. Net Interest Income grew by 25% YoY to Rs 2,185 crore, up from Rs 1,744
IDFC First Bank logs Rs 630-crore loss in Q1 on pandemic provisions Read More »
KOLKATA: The Centre is in constant touch with West Bengal government for implementation of the new tenancy act, which could change the real estate landscape, feels Durga Shanker Mishra, the secretary of Union ministry of housing and urban affairs. Addressing the members of the Bharat Chamber of Commerce at an exclusive e-Session on ‘Transformation in
Centre in talks with West Bengal government on new tenancy law, Real Estate News Read More »
Just a day before Raghuram Rajan took over from Duvvuri Subbarao,the Reserve Bank of India restricted banks and housing finance companies from funding the 80:20 scheme floated by developers. The restriction will raise the upfront cost of a home loan but makes the banks aware of the risks in giving out loans where the collateral
RBI clamps down on easy money for developers Read More »
DEHRADUN: Planning a crackdown on unauthorised hostels, Dehradun Municipal Corporation (DMC) will now charge commercial tax from such property owners.Following the orders of the Dehradun municipal commissioner, Vinay Shankar Pandey, the officials from DMC had carried out a survey of hostels active in the city in nearly 20 localities.During the survey, the officials found that
The 80:20 scheme had benefited developers as they were getting funds at home loan rates. With the RBI restrictions finances would be dearer,pushing up construction costs at a time when demand is weakJust a day before Raghuram Rajan took over from Duvvuri Subbarao,the Reserve Bank of India restricted banks and housing finance companies from funding
RBI clamps down on easy money for developers Read More »
CHENNAI: The Madras High Court on Thursday directed the Tamil Nadu Director General of Police to probe the complaints of monopoly and cartelisation by cement manufacturing companies.Justice V Bhavani Subbaroyan, who gave a direction to this effect, also directed the Director General, Investigation of the Competition Commission of India (CCI) to look into the allegations
As more internet portals offering real estate deals come up,the monopoly the broker had over information has ended. That does not mean the end of brokers for there is no substitute to the essential services they provide. The past two years havent been the best for the real estate sector that is witnessing the effects
Real estate: No writing-off the broker Read More »
After propelling India’s rockets and satellites up above the world’s so high, three former employees of Indian Space Research Organisation (ISRO) are now propelling electric vehicles — light and heavy commercial vehicles on the Indian roads. In addition to that, they also run a logistics company with their electric light commercial vehicles (LCV). Actually, it
Three ex-ISRO employees go from propelling rockets/satellites to propelling E-LCVs Read More »
Drug major on Friday said it will acquire Australia-based Southern Cross Pharma Pty Ltd (SCP). Incorporated in Melbourne, Australia, SCP is engaged in developing, registering, and distributing generic products. Generic Health, the Australia based wholly-owned subsidiary of Lupin, has entered into a definitive agreement under which Lupin will acquire 100 per cent of the shares
Lupin to acquire Australia-based Southern Cross Pharma Read More »
Friday announced that it’s wholly owned subsidiary Allcargo Belgium NV. , a multi-modal logistics major, has signed a joint venture agreement with Swedish logistics company Nordicon Group Allcaro Belgium operates ECU Worldwide. It will hold a 65% share in the jv, while the balance of 35% will beheld by the present owners of Nordicon. “With
Allcargo Logistics forms JV with Nordicon Group Read More »